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Danforth Advisors Senior Director - Accounting and Reporting Advisory in New York, New York

Danforth Advisors is seeking experienced accounting and financial reporting professionals to join us in serving hundreds of today’s most promising life science companies, ranging from startups to publicly traded entities. We offer a unique career path in a dynamic and rewarding industry – with flexibility, stability and the full support of a world-class team. Unlike larger firms, our consultants have final say over their hours and assignments, and regularly engage with scientific founders, CEOs, board members, heads of operations and their teams – playing an integral role in the client company’s success. We have a collaborative, award-winning culture and were recently named among the Boston Globe’s Top Places to Work and Top Workplaces USA 2022, compiled by Energage.

Opportunity Overview

The Senior Director, Accounting and Reporting Advisory Practice (ARAP) will join a team of CPAs and Big Four alumni with experience serving private and public life science companies. This group provides advisory and execution of services for wide-ranging client needs, including audit preparation, management of transaction-related accounting complexities and laying the groundwork for initial public offerings (IPOs), special purpose acquisition corp. (SPAC) financings, reverse mergers and the sale/purchase of a business. We played a significant role in more than 20 transformative events for life science companies in 2021 alone. Additionally, members of the ARAP team handle day-to-day technical accounting and reporting matters for clients, provide domain expertise for other Danforth consultants and support the development of the practice both internally and externally.

Key Functions

  • Lead IPO, SPAC, reverse merger, business combination and diligence projects

  • Act as a subject matter expert on weightier technical topics: e.g., business combinations, revenue recognition

  • Provide CFO/VP/finance leadership of operational finance and accounting functions

  • Contribute to marketing, recruiting and policy development for Accounting and Reporting Advisory practice

Skills and Responsibilities

  • AICPA and PCAOB-level audit readiness

  • Financial statement preparation for private and for public companies

  • Preferred equity and convertible debt financings

  • Warrant accounting, derivative financial instruments

  • Equity-based compensation

  • Cap table development and maintenance; pro-forma

  • Lease accounting

  • Business combinations, asset acquisitions, in- and out-licensing

  • Revenue recognition, collaborations, joint-ventures

  • Consolidation, currency, variable interest entities (VIEs)

  • Systems implementations: general ledger, purchase-to-pay, cap table management

  • Financial and operational diligence

  • IFRS/other GAAP conversions

  • IPO/SPAC financing/reverse merger accounting and reporting

  • S-1 preparation and project management

  • Public company readiness, evaluating finance organizations, financial systems, and internal controls over financial reporting (ICFR)

  • SEC reporting, Forms 10Q, 10K et. al. Sarbanes-Oxley (SOX) compliance

  • Practice development: marketing, recruiting, training, professional development

Requirements

  • 7+ years of Public Accounting

  • Bachelor’s Degree in accounting, CPA a must, MBA a plus

  • Experience with a Big 4 or other significant CPA firm

  • IFRS experience preferred

  • Experience in Life Science industry

  • Demonstrated ability to work in an early stage start-up environment

  • Creative problem-solving skills including the ability to identify, recommend and implement solutions

  • Strong interpersonal and client relationship skills

Benefits

  • Competitive Pay

  • Flexible hours (Part-time and Full-time)

  • Ability to work remote

  • Health Care Plan (Medical, Dental & Vision)

About Danforth Advisors

Danforth Advisors is the financial and operational backbone to hundreds of life science companies, providing integrated and scalable consulting teams ranging from staff accountant through CFO. The company’s services span the full breadth of a finance organization’s needs, whether short or long term, including accounting and operational finance support, capital raising, financial planning and analysis, IPO preparation, post-public SEC compliance, risk and insurance management, clinical business operations management and strategic and operational human resources. Founded in 2011, Danforth has been a strategic and trusted thought partner to private and public life science companies across all stages of corporate evolution. The company serves clients nationwide from its headquarters in Waltham, Massachusetts and regional bases in New York, Philadelphia and San Francisco. Additional information is available at www.danforthadvisors.com.

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